Dr Miriam And Sheldon G Adelson Medical Research Foundation
- Assets
- $851.0k
- Revenue
- $27.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 04-7023433
Organization Overview
Dr Miriam And Sheldon G Adelson Medical Research Foundation is located in Needham, MA. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Miriam And Sheldon G Adelson Medical Research Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Dr Miriam And Sheldon G Adelson Medical Research Foundation generated $27.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $36.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Dr Miriam And Sheldon G Adelson Medical Research Foundation has awarded 190 individual grants totaling $184,336,823. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Miriam Adelson Trustee | 1 | $0 | |
Steven Garfinkel VP & General Counsel | 5 | $0 | |
Kristian Hedstrom Program Officer | 40 | $256,565 | |
Shelley Dirusso Director Of Finance | 40 | $171,448 | |
Andrea Swiman Funding & Contracts | 40 | $116,948 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interface Operations Llc | 12/30/21 | $133,430 |
Golin | 12/30/21 | $63,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,236,594 |
| Interest on Savings | $12,308 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,248,902 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $500,872 |
| Pension plans, employee benefits | $131,988 |
| Interest | $0 |
| Taxes | $31,545 |
| Depreciation | $345,326 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $465,397 |
| Printing and publications | $0 |
| Other expenses | $172,968 |
| Total operating and administrative expenses | $1,720,740 |
| Contributions, gifts, grants paid | $34,502,087 |
| Total expenses and disbursements | $36,222,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,116 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $674,909 |
| Other assets | $0 |
| Total assets | $851,025 |
| Accounts payable and accrued expenses | $7,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,802 |
Grants Awarded
Over the last fiscal year, Dr Miriam And Sheldon G Adelson Medical Research Foundation has awarded $34,502,087 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR COLLEGE OF MEDICINE PURPOSE: MEDICAL RESEARCH | $311,889 |
BEN GURION UNIVERSITY OF NEGEV PURPOSE: MEDICAL RESEARCH | $15,000 |
BOSTON CHILDREN'S HOSPITAL TRUST PURPOSE: MEDICAL RESEARCH | $1,159,997 |
DANA FARBER CANCER INSTITUTE PURPOSE: MEDICAL RESEARCH | $1,655,985 |
DUKE UNIVERSITY PURPOSE: MEDICAL RESEARCH | $369,191 |
DZNE MUNICH PURPOSE: MEDICAL RESEARCH | $342,666 |